41-Unit HUD Apartment
For Sale
$1,999,999
603 N Prospect Street, Cambridge, IL 61238
MULTI_FAMILY - Cambridge, IL
Property SizeContact for details
Lot Size1.06 Acres
Days on Market429
Property Features for 603 N Prospect Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
42
Bathrooms
40
Full bathrooms
40
Rooms
Bedroom 37, Bathroom 34, Bathroom 17, Bedroom 21, Bedroom 17, Bedroom 16, Bedroom 28, Bathroom 25, Bedroom 7, Bathroom 16, Bathroom 20, Bathroom 14, Bedroom 39, Bathroom 23, Bedroom 23, Bathroom 32, Bathroom 37, Bedroom 5, Bedroom 35, Bedroom 14, Bedroom 34, Bedroom 24, Bedroom 33, Bathroom 31, Bathroom 11, Bathroom 36, Bathroom 33, Bathroom 26, Bedroom 42, Bedroom 19, Bedroom 11, Bathroom 4, Bedroom 31, Bathroom 38, Bathroom 15, Bedroom 26, Bedroom 1, Bathroom 10, Bathroom 13, Bedroom 27, Bedroom 10, Bedroom 40, Bathroom 19, Bedroom 2, Bedroom 3, Bathroom 24, Bathroom 8, Bathroom 21, Bathroom 40, Bedroom 9, Bathroom 6, Bedroom 25, Bathroom 9, Bedroom 20, Bedroom 22, Bathroom 5, Bedroom 4, Bedroom 32, Bedroom 36, Bathroom 39, Bathroom 2, Bathroom 12, Bedroom 41, Bathroom 27, Bedroom 6, Bathroom 1, Bedroom 15, Bedroom 29, Bathroom 29, Bathroom 35, Bathroom 3, Bedroom 38, Bathroom 18, Bedroom 18, Bedroom 8, Bathroom 22, Bedroom 12, Bathroom 28, Bathroom 7, Bedroom 30, Bedroom 13, Bathroom 30
Directions
Division St. to east on 10th Ave. to property
Subdivision
Out of Area West
Standard status
Active
APN
1807202012
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21294
Amenities
community room
coin-operated laundry
Building Details
Floors in Building
1
Number of units
41
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Lori Bonarek Realty
(815) 518-2300
Listed By:
Lori Bonarek · License #471022278
(815) 518-2300
Added: Jun 16, 2025
Changed: Aug 12
Last Checked: Aug 18 at 4:06PM
MLS# 12393172
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment portfolio comprises two multifamily buildings with 41 residential units across Cambridge and Orion. The unit mix includes 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. The properties are subject to HUD housing requirements and serve residents who are 62 years of age or older or individuals with qualifying disabilities.
Amenities include a community room and coin-operated laundry facilities. The Cambridge property is located at 603 N. Prospect Street, while the Orion property is at 509 10th Avenue. The buildings feature vinyl siding and composition roofs, and the portfolio includes 1.06 acres. Zoning is identified as MULTI.
Amenities include a community room and coin-operated laundry facilities. The Cambridge property is located at 603 N. Prospect Street, while the Orion property is at 509 10th Avenue. The buildings feature vinyl siding and composition roofs, and the portfolio includes 1.06 acres. Zoning is identified as MULTI.
Key Highlights
- 41 residential units across two apartment buildings
- Unit mix includes 24 studios, ten one‑bedroom units, four accessible one‑bedroom units, and two two‑bedroom units
- HUD housing requirements apply to both properties
Property Analytics
Property Profile
Current Use
Lease Details
41
Residential units
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 61238, IL
3,028
Population
1,158
Households
2.6
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
101.3 sq mi
ZIP Area
30
Density / Sq Mi
$75,294
Median Household Income
$33,500
Median Earnings
$1,044
Median Rent
$129,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two well-maintained buildings offer community space and coin-operated laundry facilities for qualifying residents.
Where is this apartment building located?
The property is located at 603 N Prospect Street Cambridge, IL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 41 residential units across two apartment buildings; Unit mix includes 24 studios, ten one‑bedroom units, four accessible one‑bedroom units, and two two‑bedroom units; HUD housing requirements apply to both properties
